I call it mixed results. Fuel for longs and shorts, depending on how you read the ER. for my money the price will hold and probably advance. They took in a lot (more) money in sales. Take away the unusual costs (RD) and this is a money maker.
Just remember these boys and girls just cashed a billion dollar check from the IPO. They are expected to spend money to develop new products and markets. But the accountants are paid to show you the money went out the door. Plus they want to collect tax losses against future inevitable earnings.
Folks these guys are on a magic carpet. Make games and have a Facebook to put them in front of hungry eyes.
The stock may not rocket tomorrow, but its a risky short because it has $28 written all over it.
What if Zynga could make a game on facebook where you played poker for real money with your friends....I would do that for sure. There's an idea that could take off. You wouldn't even have to make a lot of money from people, because so many people would probably do it.
That's a good idea. What you'll see going forward, is ZNGA, attempt to distance themselves, as far away from FB as possible.
FB won't be the lion share of ZNGA's profits forever, and that's a really good thing.
It's very positive that it didn't pull back very much. I don't see how this won't eventually hit $20+ between now and the FB IPO. Everybody who can't get a piece of FB is going to buy this stock all the way up until the day before the IPO, because no other stock has shown a closer relationship to FB. You'd be crazy to sell here, and might as well ride this out.
Also you've got the possibility of Zynga going into Online Poker for real money, which they've openly admitted to exploring. They currently have the single largest online poker presence in the world right now (For fake money). With the supreme court ruling that allows companies to operate online poker games within state borders, they should be able to find a way to do this right now within legal boundaries.
So out of those top 15...
What can you tell me about the other 14???????????
One thing sticks out like a sore thumb and it only took me 5 seconds to figure it out once I looked at all the names on the list.
This is a Short Man's world.